MGM · Q2 FY26 · Apr 1 – Jun 30, 2026
MGM Resorts Q2 FY26: where the revenue came from and where it went
MGM Resorts Q2 FY26: revenue $4.5B (+1% year over year). Net profit $0.3B. Largest cohort Casino $2.4B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Jul 29, 2026
Tap the diagram to enlarge · figures in billions of dollars
Revenue$4.5B
+1% year over year
Gross profit$3.1B
70% margin
Operating profit$0.5B
11% margin
Net profit$0.3B
7% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.5 | 100% | +1% |
| Casino | 2.4 | 53% | +2% |
| Occupancy | 0.8 | 18% | −1% |
| Food and Beverage | 0.8 | 18% | +3% |
| Entertainment Retail and Other | 0.4 | 9% | −5% |
| Cost of revenue | −1.3 | 29% | |
| Gross profit | 3.1 | 70% margin | +0pp |
| SG&A | −1.3 | 28% | +1pp |
| Other | −1.3 | 30% | +0pp |
| Operating profit | 0.5 | 11% margin | +2pp |
| Tax | −0.1 | ||
| Interest & other costs | −0.1 | ||
| Net profit | 0.3 | 7% | +5pp |
Older quarters
-
Q1 FY26 3/2026Revenue $4.5B Net margin 3%
-
Q4 FY25 12/2025Revenue $4.6B Net margin 6%
-
Q3 FY25 9/2025Revenue $4.3B Net margin -7%
-
Q2 FY25 6/2025Revenue $4.4B Net margin 1%
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